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The spring market is fast approaching! Are you thinking about selling? Let me give you up to $25,000 to put towards those renovations you’ve been putting off. Here is how it works! We meet and discuss renovations — YOU choose your own contractors! I loan you up to $25,000. The renovations help get TOP DOLLAR for your home and the money gets paid back at closing. No Interest. No Payments.

Fill out the form below and let’s get started!

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Renovation Loan Program
 

  • Maximum Loan: $ 25,000 interest-free for 90 days

  • Sales rep. to approve the contractor

  • Payments made directly to contractor by Sales rep.

  • All renovations to be approved by the Sales rep.

  • A promissory note and sellers direction to solicitor to be signed prior to any contracts or commencement of renovations

  • Solicitor to acknowledge the direction

  • Term of loan 90 days from the signing of renovation agreement

  • Seller agrees to have solicitor register a 2nd mortgage for up to 12 months, interest-only upon the end of the 90 days term loan

  • The interest rate of 12 % per annum in the event the home is not sold or if the seller removes the home from the market

  • Commission rate to be 5 % plus HST

  • The seller must list the home with the sales representative during the term of the renovation loan or during the term of the mortgage

  • Standard mortgage terms to be signed by the homeowner at the time of acknowledging the loan and mortgage commitment

Renovation Loan Application

Thanks for submitting!

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